TRAINING, COACHING & MENTORING

A True Business Partner To Guide You

We have sound experience in training & mentoring key stakeholders such as business owners, directors and management in development & implementation of commercial & financial systems, strategies, procedures, and controls that significantly improve their business outcomes.

Partnering with Beyond Financials provides you with highly qualified and experienced professionals who will deliver the required technical expertise, innovative mindset, market intelligence and business acumen for maximum business benefits. Working alongside business owners and management teams, we aim increase their business and financial knowledge and acumen through our training and mentoring.

Our Training, Coaching & Mentoring:

Focuses on improving long-term financial behavior;

Facilitates clients to set and achieve financial goals;

Helps clients practice new behaviors and monitors those behaviors over time.

Our Finance and Cash-flow Management advisory will help business owners model their cash-flow, staffing levels and allowing them to understand their financial plans in light of their new business models.

Cash-flow Management

We are going to help you to prepare a Budget and a Cash-flow forecast.

This will support you with:

– visibility on what your sales/revenue forecast

– identify where you will have some gaps in funds and if you should apply for a loan or seek investors

– to set and manage financial targets

– support insight for capital purchases (when and how)

– drive fast and informed decision making

Financial Management

We will support you to understand the differences and interpret:

– Income Statement (also known as a Profit & Loss Statement)

– Balance Sheet

– Cash-flow Statement

We will also cover the definition of financial ratios and then move on to setting up relevant ratios to support your decision making.

Ratios covered in these sessions:

– Current Ratio

– Quick Ratio

– Cash Ratio

– Operating Cash-flow Margin

We adapt our delivery on a client needs basis – clients can get the maximum value from this package for their business.

Method of Delivery: One on One (1:1)

Mode of Delivery: Zoom or Microsoft Teams or any other agreed online communication platform

Hourly Rate: $350 excluding GST / per hour

The time spent will depend on the business needs with a maximum of 14 hours delivered before 30 June 2020.

Our COVID-19 Business Continuity Planning advisory and support will address the key areas that affect you and your business. It will assist you in keeping your business alive and give you and your team a framework for the support you need during this COVID-19 crisis.

Business Continuity

We will go through:

– What does sustainability mean in your business?

– The effect business has on the environment

– The effect business has on society

– Why is sustainability important?

– Creating a more sustainable business by:

assessing the problem and define objectives (SMART goals is a good approach as you move through these steps)

Establish your mission

Craft your strategy

Results (measure and report or go into a partnership with another business)

Planning Frameworks

We will work through:

– Setting a framework for a clear plan of where you and your business are going

– How are we going to achieve these goals

– How are we going to monitor and measure these goals

– Understand your current business skills and identify gaps

– Spot opportunities that can help you reach your end goal

– Identify resources required and best use of resources (time, money, energy, etc.)

– Clarity on opportunities (do they fit into your vision, should you take them or move on)

Every business needs a plan. Setting your business framework and plans is important, as it is a description of your business’s future. It is a document that tells you what you plan to do and how you plan to do it. Your plan should keep you focused on your goal.

In this session we will work through:– Setting a framework for a clear plan of where you and your business are going– How are we going to achieve these goals– How are we going to monitor and measure these goals– Understand your current business skills and identify gaps– Spot opportunities that can help you reach your end goal– Identify resources required and best use of resources (time, money, energy, etc.)– Clarity on opportunities (do they fit into your vision, should you take them or move on)– Build the Business Plan (broken down in business overview, market, marketing strategy, competitor analysis, financials, team, systems & compliance)

Operational Plans are focused on specific procedures and processes, this can either be single-use or ongoing plans.

There are a variety of operations plans, which go into detail in mapping out the day-to-day tasks required to run the business – plans can be set up for Human Resources, Finance, Marketing, Initiatives, Production, etc.

In our session, we will focus on supporting you to:– Develop objectives– Develop tasks to meet those objectives– Determine the resources needed to implement tasks– Create a timeline– Determine how you are tracking against your goals and agreeing on an assessment method– Finalise the plan– Distribute to all involved in the process

Sustainable Business Strategy illustrates how businesses can thrive and grow while simultaneously solving some of the world’s biggest challenges—and how you and your company can make a difference.

In this session we will go through:– What does sustainability mean in your business?– The effect business has on the environment– The effect business has on society– Why is sustainability important?– Creating a more sustainable business by (From purpose to performance):1. assessing the problem and define objectives (SMART goals is a good approach as you move through these steps)2. Establish your mission3. Craft your strategy4. Results (measure and report or go into a partnership with another business)

When it comes to sustainability, a lot of businesses are often left scratching their head. What does sustainability mean? Will it definitively help my business? What are the benefits? In other words, as a business, how does becoming sustainable affect our bottom line?

Sustainable Procurement StrategySustainable procurement is the use of purchasing “to support wider social, economic and environmental objectives, in ways that offer real long-term benefits” to businesses and the communities in which they exist.– The first steps are to conduct a spend analysis and identify where sustainable procurement is viable.– We will also work through supplier sustainability credentials and practices.– From here a plan and priorities can be set up to help with clear direction for your buying teams and suppliers, supporting procurement guidelines.– How can we capture opportunities – look for innovation/opportunities to drive social benefits through engagement with suppliers and the wider marketplace.

Cash management often gets put on the back burner, mostly because we feel it distracts us from our real passion, working on the business rather than in it. But cash management is a core part of running a successful business.

Cash flow forecasting is an essential tool for any business planning. It helps the owner, board, management to make informed and forward-thinking, strategic decisions.

It is much like a weather forecast, with no or little guarantee that everything will work out as planned; however, it helps you prepare for what is likely based on your cash projections.

In this session, we are going to help you to prepare a Budget and a Cash flow forecast.This will support you with:– visibility on what your sales/revenue forecast– identify where you will have some gaps in funds and if you should apply for a loan or seek investors– to set and manage financial targets– support insight for capital purchases (when and how)– drive fast and informed decision making

Many people find it challenging to use a company’s financial statements for a management tool until they understand how to interpret them. Accounting data is collected over a specific time and is used to prepare the three key financial elements of the statement.

From Board reports and monthly management reports to converting your business data into meaningful insights, the right reporting and insights will give you the ability to understand your key drivers and improve decision making, it will maximise business value.

Each statement/report takes your business financial pulse in a different area and tells you more about the health of your business.We will support you to understand the differences and interpret:– Income Statement (also known as a Profit & Loss Statement)– Balance Sheet– Cash Flow Statement

We will also cover the definition of financial ratios and then move on to setting up ratios to support your decision making. Ratios covered in these sessions:– Current Ratio – Quick Ratio– Cash Ratio– Operating Cash Flow Margin

The words “cost” and “price” are often used interchangeably, however, when it comes to accounting and financial statements, both words mean something different. When conducting any financial analysis, before making any investment decisions, it’s important to understand the difference between the two and how they play a part in a company’s financial profile.

– Costing: Cost is typically the expense incurred for making a product or service that is sold– Pricing: Price is the amount a customer is willing to pay for a product or service– The cost of producing a product has a direct impact on both the price of the product and the profit earned from its sale.

In this session we will work through:– Cost & Price definitions and what it means in your business– Why is it important to cost before you price– Components of Costs e.g.Fixed vs variable costs (understanding the differences)– Factors affecting pricing– The basic calculation of product or service costing– Determining which products or services contribute the most profit – Understanding and calculating your business break-even point

Organisational efficiency is the ability of the business to implement its plans using the smallest possible expenditure of resources. It is an important factor in the organisational effectiveness, this being the ease and degree of success with which the business is able to accomplish its aims.We will cover: – Cost reduction through effective business systems– How to set up effective office systems and improve workflow– Look at information technology requirements

Operational systems are there to help the everyday operation of the business. These are the backbone systems of any enterprise, and include order entry, inventory, manufacturing, payroll, and accounting.

Identifying and documenting systems & procedures is key to the success of any organisation and will help transition and training when one staff member leaves for a new staff member.